A project manager needs to tailor the Project Cost Management process. Which considerations should the project manager apply?
A. Diversity background
B. Stakeholder's relationships
C. Technical expertise
D. Knowledge management
Which tool is critical for the team to adapt to a high variability benefit project?
A. Colocation
B. Collaboration
C. Flexibility
D. Specialization
What organizational asset can influence the Plan Risk Management process?
A. Corporate policies and procedures for social media, ethics, and security
B. Organizational risk policy
C. Stakeholder register templates and instructions
D. Organizational communication requirements
A firm contracted an event management company to conduct the annual sales day event. The agreement that the event management company will charge the firm for the actuals and receive 8% of the total cost. What type of contract is this?
A. Time and material (TandM)
B. Fixed price incentive fee (FPIF)
C. Cost plus fixed fee (CPFF)
D. Cost plus award fee (CPAF)
Which of the following technology platforms is most effective for sharing information when managing virtual project teams?
A. Video conferencing
B. Audio conferencing
C. Shared portal
D. Email/chat
Which of the following is an example of the objective of a quality audit?
A. Identify nonconformities, shortcomings, and gaps
B. Verify solution effectiveness
C. Perform data gathering
D. Conduct retrospective
Which project manager competency is displayed through the knowledge, skills, and behaviors related to specific domains of project, program, and portfolio management?
A. Leadership management
B. Technical project management
C. Strategic management
D. Business management
What is the difference between quality metrics and quality measurements?
A. Quality metrics are product attributes and the measurement is the result of the Monitor and Control Project process
B. Quality metrics are the result of the Monitor and Control Project process and the measurements are product attributes
C. Quality metrics and measurements are the same concept
D. Quality metrics is the general objective and the measurements are the specific objectives
A project report completed an earned value (EV) of US $45 for work with an actual cost (AC) of US $40. What is the cost performance index (CPI)?
A. 0.88
B. 1.12
C. 0.58
D. 1.58
A project manager is writing a document that obligates the seller to provide the specified products, services, or results, and obligates the buyer to compensate the seller. This document represents a legal relationship that is subject to remedy in the courts.
Which document is described?
A. General terms
B. Contract agreement
C. Change request
D. Statement of work
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